The branch managers get paid poorly so they made up accounts. The execs were pissed but it was their fault for giving unattainable goals and not checking the results. In the end only Wells Fargo was harmed.Yes, and you need look no further than the admissions of this in the settlement. But regardless, if they did not know, it is criminal negligence. Hefty personal fines and a bit of jail time would be good deterrence to executives so willing to look the other way or not put in place fraud protections to prevent this behavior.There is proof the execs knew?
but, they did know, so there you have it.